Accounts and Reserves Sample Clauses
Accounts and Reserves. The Retirement Board shall maintain proper accounts and actuarial reserves for all benefits provided by this plan. These actuarial reserves shall include the following items:
(1) A reserve to cover future payments on retirement annuities granted due to age and service;
(2) A reserve to cover future payments on annuities granted due to disability;
(3) A reserve to cover future payments of benefits granted to survivors; and
(4) The balance representing the remainder of the accumulated contributions made by the members and by the City, to be held as a reserve for benefits accruing in future years in accordance with the provisions of this plan.
Accounts and Reserves. Establishment and Maintenance of Cash Management Deposit Account 109
Accounts and Reserves. Section 9.1. Establishment and Maintenance of Cash Management Deposit Account.............................132 Section 9.2. Reserve Accounts.............................................................................133 Section 9.3. Tax and Insurance Escrow Account.............................................................143 Section 9.4. Disbursements from the Deposit Account and the Holding Account; Issuers' Obligation to Fund Deposit Account...........................................................145 Section 9.5. No Release if Event of Default Exists........................................................147 Section 9.6. Grant of Security Interest; Rights upon Default..............................................148 Section 9.7. Note Trustee Not Responsible.................................................................148 Section 9.8. Inspections; Undertaking of Work.............................................................148 Section 9.9. Bankruptcy...................................................................................149 ARTICLE X DEFAULTS
Accounts and Reserves. 82 Section 9.1 Establishment and Maintenance of Lock-Box Deposit Account. . . . . . . . . . . . . . 82 Section 9.2
Accounts and Reserves. Borrower hereby pledges to Bondowner Representative, and grants a security interest to Bondowner Representative in, the Construction Account, the Replacement Reserve, the Operating Reserve, the Equity/Loan Reserve and all amounts now or hereafter deposited therein, as additional security for all of Borrower’s obligations under the Loan Documents.
Accounts and Reserves